Used
with permission of the author:
Author: Andrew
Hofmeyr
Business
Education Design (Pty.) Ltd.
andrew@bused.co.za
website
www.bused.co.za
30
April 2007
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Conducted by Dr Gillian Godsell and Wits
Business
School
A
longitudinal study of companies using Team Business revealed:
- Improved understanding of business principles,
and a desire to apply these principles to the participant's
own job
- Improved teamwork and willingness to share tasks,
as well as increased productivity
- Improved understanding and appreciation of the
role of management
- A reduction in conflict in the work situation
- Innovative ideas and efforts to implement cost
savings
- A greater sense of ownership of and
responsibility for their own work
- Increased enthusiasm and improved co-operation
- Improved negotiations with shop stewards.
Pre and post study of 7500 participants:
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ON LEARNING OF VALUE BASED MANAGEMENT THEORY
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What I have learned:
 A
Lot
 A
Little
 Nothing
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I have learned how profits are made
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I have learned how important it is to meet our customers’ and
people’s expectations
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I have learned the importance of adding value to make profits
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I have learned the importance of value drivers and constraints
in making more profits
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I have learned how business works
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I have learned how each employee can help the company be more
profitable
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I have learned why we must meet our shareholders expectations
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I have learned what the essence of Value Based Management is
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ON ATTITUDE TO VALUE BASED MANAGEMENT
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After doing this course,
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I feel more positive about Value Based Management in our
company.
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I am keen to help our company make more profits.
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I feel that I can make a difference to our company.
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I think that other staff at our company should attend this
course.
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I feel more positive about myself.
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Andrew
Hofmeyr
(BA, HDE (PG),
BEd. Med, MBA) lectured
in educational theory at the Johannesburg College of Education and
the University of the
Witwatersrand
from 1977 to 1992. During that time he studied research
methodology and educational technology on an international
fellowship at the University of Surrey, UK. He is a founder member
of Business Education Design, whose training programmes are
used by leading corporations and business schools in
South Africa
and the USA. He can be contacted at andrew@bused.co.za
and at the Business Education Design website
www.bused.co.za.
Short description
Formal impact studies and surveys showing the benefit of employees
learning about value based management.
Keywords and relevant phrases
Business management, business principles, conflict management,
cost management, development, knowledge management, productivity,
profit, shareholders, teamwork, training, value based management.
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